Market Perspectives – July 9, 2020

U.S. Weather/Crop Progress

U.S. Drought Monitor Weather Forecast: During the next 5 days (July 9-13), WPC’s QPF keeps much of the western half of the U.S. bone dry, with relatively light amounts (less than an inch) forecast for the eastern half of the Nation. Exceptions to this are moderate totals (1-2 inches) in the central Great Plains, upper Midwest, and along the Eastern Seaboard from Florida northward into Maine, with eastern sections of North Carolina and New England receiving the greatest amounts. Above-normal 5-day temperatures are expected in the Southwest and Northeast, with near to slight above-normal readings forecast for the remainder of the lower 48 States except for subnormal values across extreme northern Rockies and Plains.

The Climate Prediction Center’s 6-10 day outlook (July 14-18) favors above-normal precipitation across the northern tier of the U.S., from Washington to Michigan, in south Florida, and northern Alaska. Odds for subnormal precipitation are likely in the Southwest and southern halves of the Rockies and Plains, then eastward to the Carolinas and mid-Atlantic, and northward into New England. Above-normal temperatures are favored (more than 70%) from New Mexico northeastward into the Great Lakes region and Northeast, with the rest of the eastern half of the Nation and southwestern Alaska expecting above-normal readings. In contrast, below-normal temperatures are probable in the Northwest, Intermountain West, and northern half of Alaska.

Follow this link to view current U.S. and international weather patterns and future outlook: Weather and Crop Bulletin.